Cash Allocation to Growth Investments and Shareholder Returns
First written in FY2025. 3 of 5 entries say "Advanced", first in 2026-05-14. Latest entry: 2026-09-25.
The whole theme swung hardest in 2026: 8 of 49 companies on the "Worse" side.
21 other companies' latest entry also says "Advanced".
- 2026-09-25AdvancedRevision of earnings forecasts
「Our approach to cash allocation is to allocate the cash generated during the plan period actively to growth investments and shareholder returns while maintaining financial discipline」
Based on the cash allocation policy, the dividend forecast reflected an underlying revision to profit excluding the gain on negative goodwill, and a special dividend was established. - FY2026AdvancedAnnual report
「Under the key initiative "Pursuing M&A," the company made 協栄産業 a consolidated subsidiary through a tender offer in July 2025. Under "Implementing the Capital Strategy," in August of the same year, the company acquired all shares held by its four main banks, approximately 4.92 million shares, representing 9.4% of total issued shares excluding treasury shares, for a total of ¥14.4 billion, and cancelled all of the shares.」
In the first year of Medium-Term Management Plan 2027, the company made 協栄産業 a consolidated subsidiary as a growth investment and carried out the largest share repurchase and cancellation in its history as part of its shareholder returns and capital policy. - FY2025First statedAnnual report
「Under the new medium-term management plan, the basic policy for increasing corporate value is to allocate the cash generated primarily to growth investment and shareholder returns while maintaining financial discipline. Based on this policy, operating cash flow generated over the three years of the new plan is expected to be approximately ¥60 billion. As a guideline for its allocation, ¥22 billion to ¥30 billion is expected to be allocated to shareholder returns, while more than ¥30 billion is expected to be allocated to growth investment, including new M&A and expansion of production capacity in the EMS business.」
For Medium-Term Management Plan 2027, the company disclosed for the first time its policy of allocating approximately ¥60 billion in operating cash flow to shareholder returns of ¥22 billion to ¥30 billion and more than ¥30 billion to growth investment.